Michelle Philpot Sells 470 Shares of Sunrun Inc. (NASDAQ:RUN) Stock

Sunrun Inc. (NASDAQ:RUNGet Rating) CAO Michelle Philpot sold 470 shares of the stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $37.36, for a total value of $17,559.20. Following the completion of the transaction, the chief accounting officer now directly owns 30,748 shares in the company, valued at approximately $1,148,745.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Michelle Philpot also recently made the following trade(s):

  • On Monday, September 19th, Michelle Philpot sold 400 shares of Sunrun stock. The stock was sold at an average price of $37.04, for a total value of $14,816.00.
  • On Tuesday, September 6th, Michelle Philpot sold 111 shares of Sunrun stock. The shares were sold at an average price of $32.86, for a total value of $3,647.46.

Sunrun Price Performance

Shares of RUN stock opened at $34.42 on Wednesday. Sunrun Inc. has a 52-week low of $16.80 and a 52-week high of $60.60. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.17 and a current ratio of 1.73. The firm has a market capitalization of $7.30 billion, a P/E ratio of -61.46 and a beta of 2.26. The stock has a 50 day moving average price of $32.02 and a 200 day moving average price of $27.82.

Sunrun (NASDAQ:RUNGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The energy company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.14. Sunrun had a negative return on equity of 1.39% and a negative net margin of 5.86%. The firm had revenue of $584.58 million during the quarter, compared to analyst estimates of $485.04 million. As a group, sell-side analysts predict that Sunrun Inc. will post -0.72 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RUN. TD Asset Management Inc. increased its holdings in shares of Sunrun by 3.0% in the 4th quarter. TD Asset Management Inc. now owns 14,583 shares of the energy company’s stock valued at $500,000 after acquiring an additional 430 shares during the period. Rhumbline Advisers increased its holdings in shares of Sunrun by 6.7% in the 4th quarter. Rhumbline Advisers now owns 546,991 shares of the energy company’s stock valued at $18,762,000 after acquiring an additional 34,383 shares during the period. Candriam Luxembourg S.C.A. increased its holdings in shares of Sunrun by 18.5% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 17,268 shares of the energy company’s stock valued at $592,000 after acquiring an additional 2,701 shares during the period. Private Advisor Group LLC increased its holdings in shares of Sunrun by 37.6% in the 4th quarter. Private Advisor Group LLC now owns 14,437 shares of the energy company’s stock valued at $495,000 after acquiring an additional 3,947 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Sunrun by 103.6% in the 4th quarter. Bank of Montreal Can now owns 91,999 shares of the energy company’s stock valued at $3,136,000 after acquiring an additional 46,807 shares during the period. 90.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Piper Sandler raised their price target on Sunrun from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Evercore ISI raised their price target on Sunrun from $64.00 to $67.00 in a report on Thursday, August 4th. JPMorgan Chase & Co. raised their price target on Sunrun from $52.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, August 8th. Morgan Stanley raised their price objective on Sunrun from $70.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, August 18th. Finally, The Goldman Sachs Group raised their price objective on Sunrun from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Sunrun presently has an average rating of “Moderate Buy” and a consensus target price of $48.47.

About Sunrun

(Get Rating)

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems.

See Also

Insider Buying and Selling by Quarter for Sunrun (NASDAQ:RUN)

Receive News & Ratings for Sunrun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunrun and related companies with MarketBeat.com's FREE daily email newsletter.